First United Corporation Announces Second Quarter 2021 Dividend

First United Corporation (NASDAQ: FUNC) has declared a cash dividend of $.15 per share, scheduled for payment on May 3, 2021.

Rhea-AI Summary

First United Corporation (NASDAQ: FUNC) has declared a cash dividend of $.15 per share, scheduled for payment on May 3, 2021. The dividend will benefit shareholders recorded as of April 19, 2021. This announcement reflects the company's commitment to returning value to its shareholders. First United Corporation serves as the parent company for First United Bank & Trust, along with its subsidiaries involved in commercial banking and finance operations in Maryland.

Positive

• Cash dividend of $.15 per share announced, signaling strong financial health.
• Dividend payable on May 3, 2021, enhancing shareholder returns.

Negative

• None.

Argus Publication session

-0.39% session move Open Argus

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News Market Reaction – FUNC

In the trading session that priced this news, FUNC declined 0.39%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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OAKLAND, Md., March 24, 2021 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC) announces that its Board of Directors declared a cash dividend of $.15 per share that will be payable on May 3, 2021 to holders of record of the Corporation's common stock as of April 19, 2021. 

About First United Corporation

First United Corporation is the parent company of First United Bank & Trust, a Maryland trust company with commercial banking powers.  The Bank's wholly-owned subsidiaries include OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, both of which are finance companies, and First OREO Trust and FUBT OREO I, LLC, both of which were formed for the purposes of holding, servicing and disposing of the real estate that the Bank acquires through foreclosure or by deed in lieu of foreclosure.  The Bank also owns 99.9% of the limited partnership interests in Liberty Mews Limited Partnership, which was formed for the purpose of acquiring, developing and operating low-income housing units in Garrett County, Maryland.  The Corporation's website is www.mybank.com.

View original content:http://www.prnewswire.com/news-releases/first-united-corporation-announces-second-quarter-2021-dividend-301255344.html

SOURCE First United Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by First United Corporation?

First United Corporation declared a cash dividend of $.15 per share.

When will the dividend be paid to shareholders of FUNC?

The dividend will be payable on May 3, 2021.

What is the record date for the dividend from First United Corporation?

The record date for the dividend is April 19, 2021.